You read the news. You keep up with international politics and business developments. But do events halfway around the world really affect you and your appraisal business? You bet they do!
The restructuring of markets worldwide has created both new business opportunities and problems, and many foreign professionals look to the United States for leadership and economic solutions. In real estate valuation, U.S. and British appraisers are the acknowledged experts but, until now, there has been no forum in which international valuers could share their concerns and knowledge.
That has all changed with the publication of Real Estate Valuation in Global Markets, a groundbreaking text that explores real estate appraisal in 21 different countries. Valuation practices in developed market economies, former colonial economies undergoing industrialization, and economies in transition from state control to private enterprise are discussed by recognized local experts. The countries covered include:
- Albania
- Argentina
- Australia
- Canada
- Colombia
- Czech Republic
- El Salvador
- France
- Germany
- India
- Italy
- Japan
- Mexico
- New Zealand
- Poland
- Russia
- Singapore
- Thailand
- United Kingdom
- United States
- Zimbabwe
Each chapter provides coverage of an individual country's political structure, governmental powers, property rights, currency, units of measure, and outlook for inflation. The state of the local valuation profession is discussed with respect to standards, regulations, and reporting requirements. Lease structure, the bases of valuation, and approaches to value are described in depth. The text is supplemented with a topical introduction, three appendices, and a glossary of more than 450 terms.
In today's global economy, you can't afford to think small. Get a copy of Real Estate Valuation in Global Markets and you'll have a world of real estate valuation expertise in your hands.
About the AuthorsHoward Gelbtuch has 29 years of real estate experience, with an emphasis on global valuation issues. He started his business, Greenwich Realty Advisors, Incorporated, nine years ago. Mr. Gelbtuch supervised the writing of the 10th edition of “The Appraisal of Real Estate” and has written chapters in various other books. He is a contributor to
Barron’s real estate column and writes a monthly column about the Manhattan real estate market for the Japan Real Estate Institute. He can be reached by telephone at (212) 832-0001; by fax at (212) 832-1180; or by e-mail:
hcg@aol.com
David Mackmin, B.Sc., M.Sc., FRICS (Fellow of the Royal Institution of Chartered Surveyors) is a professor of property studies at Sheffield Hallam University. He is the author of The Valuation and Sale of Residential Property, published by Routledge (London, 1994) and coauthor with Andrew Baum and Nick Nunnington of The Income Approach to Property Valuation, published by Thomson Business Press(London, 1997). Mr. Mackmin is a member of the RICS Valuation Faculty.
Michael Milgrim is the lead editor/development writer for the International Valuation Standards (IVS 2000 and 2001) published by the London-headquartered IVS Committee, an NGO UN member. From 1986 to 1998 he worked as the Appraisal Institute’s technical writer/book development manager and he has written articles for the Real Estate Educators Association Forum, the Appraisal Journal and the research journal of the Japan Real Estate Institute. He can be reached at (847) 697-8595 by phone or by e-mail: michaelmilgrim@aol.com
